#CRUDEOIL #OIL #MCXCRUDE - set for a wave C down

The upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses

Crudeoil in USD has the same pattern and should be headed the same way

Trade active:

Price moving in the expected direction in 5 waves - this should be a good short trade to ride

Trade closed manually:

Frist leg of 5 waves may have completed. right time to book profits
Entry 3005
Exit 2655

Comment:

Larger trend remains down